UK economy to slump 9.8% in 2020 on virus – IMF

The International Monetary Fund on Tuesday, October 13, forecast that the recession-wracked British economy will shrink by almost 10% this year on coronavirus fallout.

The UK economy is predicted to grow by 5.9% in 2021, down from prior guidance of 6.3%, according to the Fund's latest World Economic Outlook. Britain's nationwide lockdown, imposed on March 23 for about 3 months, plunged the country into its deepest recession on record. He noted that this represented a"massive shortfall" by historical standards, and that therefore the recovery"will take time."fail to strike a post-Brexit trade dealThe IMF noted on Tuesday that a failure to forge a trade deal by December 31 "would increase business costs and could disrupt long-standing cross-border production arrangements."

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China 2020 growth forecast almost doubled to 1.9% by IMFChina is the only major economy with a positive growth forecast for 2020, according to the International Monetary Fund. Which is proof that China indeed unleashed the virus. Fake news! I wonder who provided I am F with that report! Oh yeah, the Chinese communist cockroach penis party! LOL Perhaps they counted all moneys they loaned to all countries... but whether they will get paid is another matter.
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